Overall unemployment rate moved down to 6.2% with the biggest shift in Government, which gained 600 roles, based on the most recently available information published in April 2021.
Total employment in the Houma-Thibodaux, LA market declined by 22 jobs in February and the unemployment rate decreased compared to the prior month by 50 bps to 6.2%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Houma-Thibodaux, LA unemployment rate is 35 bps below the national rate which is a positive sign.
- Unemployment in the market is 230 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 0.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Transportation & Utilities: 21,300; +200
- Government: 11,800; +600
- Construction, Mining: 8,800; -200
- Restaurants & Hotels: 7,600; +200
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.